“Apple may have become less exciting as a company and more range bound as a stock, but the current valuation suggests that its diminished prospects are fully priced in, Weeden & Co analyst Michael Purves said,” Aabha Rathee reports for Wall St. Cheat Sheet.

“In short, the company’s share price, which has succumbed to gravity over the past few months, was on it way up,” Rathee reports. “Purves suggested a 14 percent move up to $520 by April 20.”

Rathee reports, “[Purves said that] Apple’s forward P/E ratio was at six-year lows and adjusted for its sizeable cash balance, the stock was trading less than seven times 2013 earnings. In this scenario and at the current level, it would soon start attracting value investors. Apple closed on Wednesday at $456.83.”

Not clear enough eh? Okay, I think it will touch $400 on its way to $530. Rather than it will simply go from bottom left to top right. Hope I’m wrong. 55 and fair in The Media City now. 74 and sunny tomorrow. Okay? Eh?

So… WHO are the 1,200+(as of this posting) idiots who think people should wait until the stock price is $300 a share to buy AAPL? (The one’s choosing $100 and $200 a share might as well be choosing “Never”.)

$300 a share is about 1.5 times book value and barely over 2 times CASH!

Apple was BARELY below that point (with regard to book value) when most people were running around saying Apple was about to go bankrupt and Dell issued his infamous “Shut it down” statement.

People who think Apple needs to go *significantly* lower than it is right now before buying AAPL are true idiots!

Oh, well I’m still here, and I think it will hit $1,000 before it hits $400 but I think if it does hit $400 it will go to $350. I am not puffing feathers here, you can ical it for a “told ya so” but I’m easy one way or the other. Now when I say $1,000 that would be equal to $500 if there was a split. I certainly don’t have an issue with your rationale, it could go to $400 but I do believe it will reach $1000… might take a decade, but I am in no hurry, I am still at a profit.

It’s about $70 low right now. Should be at about $530, and should average a growth of about $10 per month. Shoulda, woulda, coulda, yeah I know. But their proven performance from 2009-2011, prior to the aberration of 2012 showed a great performance run. And their products and financials are just as well off now as they were then. No rational reason to think their stock can’t sustain a $10/month growth rate. The irrational gloom and doom articles and negative financial advice is coming from numbnuts.

Promises, promises. The one big problem is how does anyone compute Apple’s share value? What’s it being based on? Revenue, profits, iPhone sales, a new product or tea leaves. I say that no matter what Apple does, Wall Street will figure a way to say the company isn’t worth much. It’s just hard to tell when Apple is doing well by following the share price. There doesn’t seem to be anything in particular I’ve noticed that can move up Apple’s share price. There’s just some big hand holding it down.

When a company goes from innovative to Facebook-chasing, then their stock will go from innovative to Facebook-chasing. I see their stock reaching $30 in 2 years, then quickly bought out by a kid in his garage making a handheld quantum-based computer with a quantum video communicator resulting in nearly instantaneous computing and communications. At that point, Apple’s products will be more closely related to an Easy-Bake oven.

The Heisenberg Uncertainty Principle states that there are some things you can never be sure of. We can be sure of a couple of things.
1. The probability that Apple is chasing Facebook is zero.
2. The probability that Apple’s stock will drop to $30 in 2 years is so small that it displays all zeroes on a 15 digit calculator.
3. The probability that there will be a commercially viable (to the general buying public) quantum-based computer in the next 2 years is zero.
4. If and when a quantum-based computer can be produced at a reasonable cost, with high reliability, can be manufactured “greenly”, and operates at low power levels, the probability is that Apple will be the one to be the first to mass market it successfully.
5. There is a finite probability that you have had your head in an Easy Bake Oven while it was on.